Awilco Lng Asa · OSL:ALNG
Awilco Lng Asa — Q1 2025 Earnings Presentation
19 slides from Awilco Lng Asa's earnings presentation, May 21, 2025
Slide 1: First quarter 2025
First quarter 2025 May 21, 2025 www.awilcolng.no -1-
Slide 2: Disclaimer
Disclaimer This presentation may include certain forward-looking statements, forecasts, estimates, predictions, influences and projections regarding the intent, opinion, belief, various assumptions or current expectations of Awilco LNG (the “Company”) and it’s management with respect to, among other
Slide 3: Company overview
Company overview Awilco LNG is a fully integrated pure play LNG transportation provider, owning and operating LNG carriers. The Company currently own and operates two 2013-built 156,000 cbm TFDE LNG carriers, WilPride and WilForce, trading in the short to medium-term market. Awilco LNG is listed on
Slide 4: Agenda May 21, 2025
Agenda May 21, 2025 1. Highlights 2. Financials first quarter 2025 3. Market update 4. Summary www.awilcolng.no -4-
Slide 5: Highlights
Highlights Awilco LNG reports a net loss of USD 3.3 million and loss per share of USD 0.02 in the first quarter 2025, down from a net profit of USD 1.5 million and USD 0.01 per share in the fourth quarter 2024 Net freight income of USD 8.3 million in first quarter 2025, compared to USD 9.3 milli
Slide 6: Agenda May 21, 2025
Agenda May 21, 2025 1. Highlights 2. Financials first quarter 2025 3. Market update 4. Summary www.awilcolng.no -6-
Slide 7: First quarter 2025 income statement
First quarter 2025 income statement USD million Q1’25 Q4’24 Q1’24 2024 Freight income 10.2 10.6 22.1 67.6 Voyage related expenses (1.9) (1.3) (0.2) (3.2) Net freight income 8.3 9.3 21.9 64.3 Other income 0.0 3.7 0. 3.7 Operating expenses (3.6) (3.0) (3.5) (11.9) Administration expenses (0.9) (1.2) (
Slide 8: First quarter 2025 financial position
First quarter 2025 financial position USD million 31.03.25 31.12.24 31.03.24 Vessels 298.2 302.1 313.8 Other fixed assets 0.8 0.6 0.5 Total non-current assets 299.0 302.7 314.3 Trade receivables 2.9 2.8 0.0 Other short term assets 4.8 6.2 1.3 Cash and cash equivalents 22.9 23.5 38.3 Total current as
Slide 9: First quarter 2025 cash flow
First quarter 2025 cash flow USD million Q1’25 Q4’24 Q1’24 2024 Cash Flows from Operating Activities: Profit/(loss) before taxes (3.3) 1.5 7.2 17.1 Income taxes paid - - - - Interest and borrowing costs expensed 3.4 3.8 6.8 20.9 Depreciation, amortisation and impairment 3.9 3.9 3.9 15.6 Trade receiv
Slide 10: Agenda May 21, 2025
Agenda May 21, 2025 1. Highlights 2. Financials first quarter 2025 3. Market update 4. Summary www.awilcolng.no - 10 -
Slide 11: Spot rates
Spot rates USD/DAY 350 000 300 000 250 000 200 000 150 000 100 000 50 000 - WW spot rate ST WW spot rate TFDE Historic ave. spot rate ST Historic ave. spot rate TFDE • Rates in the spot market dropped to all time low levels at the end of 2024 and despite some volatility, have remained at very low le
Slide 12: LNG export and import
LNG export and import Q1 2025 vs Q1 2024 (YoY change) Russia North America and Caribbean Africa Middle East and Gulf South America Europe Asia and Oceania -6 -4 -2 0 2 4 6 8 Import (in MT) Export (in MT) • European import increased significantly year over year for first quarter • Asian import fell a
Slide 13: Gas prices
Gas prices USD/MMBTU 100 90 80 70 60 50 40 30 20 10 0 01.2020 04.2020 07.2020 10.2020 01.2021 04.2021 07.2021 10.2021 01.2022 04.2022 07.2022 10.2022 01.2023 04.2023 07.2023 10.2023 01.2024 04.2024 07.2024 10.2024 01.2025 04.2025 07.2025 10.2025 01.2026 04.2026 US (HH) Asia (JKM) Europe (TTF) • Gas
Slide 14: Trainspotting – new LNG production
20 Trainspotting – new LNG production 800 18 MTPA 750 MTPA 16 700 14 650 12 600 10 550 8 500 6 4 450 2 400 0 350 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • ~ 355 MTPA new capacity currently under construction or in advanced stages of development, of which ~200 MTPA have FID • Several new L
Slide 15: LNG fleet and orderbook
LNG fleet and orderbook NO. VESSELS 1200 100 1000 80 800 60 600 40 400 20 200 0 0 Fixed (LHS) Available (LHS) Delivered (LHS) Total fleet (RHS) • Orderbook for LNGC stands at 306, this represent 41% of the trading fleet. • Only 21 of the newbuildings are unfixed • Contract prices, interest rates and
Slide 16: Agenda May 21, 2025
Agenda May 21, 2025 1. Highlights 2. Financials First quarter 2025 3. Market update 4. Summary www.awilcolng.no - 16 -
Slide 17: Summary
Summary The Company report a net loss for the quarter USD 3.3 million A comfortable cash position and one vessel trading on a fixed rate contract until late 2025 leaves the company well prepared to endure the current challenging market Mid- and long-term demand for LNG transportation remains s
Slide 18: A Fully Integrated Pure Play LNG Transportation Provider
A Fully Integrated Pure Play LNG Transportation Provider Two 2013 built TFDEs Tier 1 customers Solid owners Experienced Opportunistic strategy management team www.awilcolng.no - 18 -
Slide 19: Jon Skule Storheill CEO
Jon Skule Storheill CEO Mobile: +47 913 44 356 E-mail: jss@awilcolng.no Per Heiberg CFO Mobile: +47 952 20 264 E-mail: pheiberg@awilcolng.no www.awilcolng.no - 19 -